You will be provided with the first year special journals for a company. You will be posting special journals to the ledgers. You will be required to prepare a pre-adjusted trial balance, record and post the end of the year adjusting journal entries, prepare an adjusted trial balance, an income statement, balance sheet, and closing entries.

On January 1, 20x1, Alison the Architect opened the doors to her new business. She issued shares of the Company to some family members who were nice enough to invest in her entrepreneurial dream. You are a friend and have offered to provide accounting services to her at a reduced cost. You have taught her how to produce the sales journal, cash receipts journal, purchases journal and cash disbursements journal. We are using a manual accounting system. Maintain your general ledger in pencil. The Board of Directors declared dividends as follows Date 30-Jun $ 30-Oct $ Dividend per Share Dividend per Share 0.03 0.03 Payment Date Payment 15-Jul 15-Nov Sales Journal for 20X1 Date Customer Number 15-Jan Customer 1001 11-Feb Customer 1002 15-Mar Customer 1003 18-Apr Customer 1004 7-May Customer 1005 9-Jun Customer 1006 16-Jul Customer 1007 4-Aug Customer 1008 13-Sep Customer 1009 11-Oct Customer 1010 16-Nov Customer 1011 7-Dec Customer 1012 Total Sales 8,250 11,210 12,320 12,430 11,510 13,340 12,060 3,740 10,270 8,930 12,120 13,310 129,490 Cash Receipts for 20X1 Accounts Receivable Other 308,200 Issuance of stock Date Customer Number 1-Jan Stock broker 14-Feb Customer 1001 1-Mar Customer 1001 13-Mar Customer 1002 22-Mar Customer 1001 28-Mar Customer 1002 14-Apr Customer 1003 18-Apr Customer 1002 29-Apr Customer 1003 18-May Customer 1004 20-May Customer 1003 2-Jun Customer 1004 6-Jun Customer 1005 21-Jun Customer 1005 23-Jun Customer 1004 9-Jul Customer 1006 12-Jul Customer 1005 24-Jul Customer 1006 14-Aug Customer 1006 15-Aug Customer 1007 30-Aug Customer 1007 3-Sep Customer 1008 18-Sep Customer 1008 20-Sep Customer 1007 9-Oct Customer 1008 13-Oct Customer 1009 28-Oct Customer 1009 10-Nov Customer 1010 18-Nov Customer 1009 25-Nov Customer 1010 16-Dec Customer 1011 16-Dec Customer 1010 31-Dec Customer 1011 Total Cash 308,200 4,100 2,100 5,600 2,050 2,800 6,200 2,810 3,100 6,200 3,020 3,100 5,800 2,900 3,130 6,700 2,810 3,300 3,340 6,000 3,000 1,900 900 3,060 940 5,100 2,600 4,500 2,570 2,200 6,100 2,230 3,000 421,360 4,100 2,100 5,600 2,050 2,800 6,200 2,810 3,100 6,200 3,020 3,100 5,800 2,900 3,130 6,700 2,810 3,300 3,340 6,000 3,000 1,900 900 3,060 940 5,100 2,600 4,500 2,570 2,200 6,100 2,230 3,000 113,160 308,200 67,000 Number of $1.00 par value shares issued Page 1 20x1 Purchases Journal for 20X1 Vendor Date 15-Jan Costco 28-Jan Costco 15-Feb Costco 1-Mar Costco 16-Mar Costco 2-Apr Costco 19-Apr Costco 10-May Costco 15-Jun Costco 16-Jul Costco 3-Aug Costco 1-Sep Costco 15-Oct Costco 14-Nov Costco 9-Dec Costco 18-Dec Costco Total Kitchen Supplies* 380 810 990 1,100 400 350 520 60 520 530 400 880 990 300 460 830 9,520 Due Date 14-Feb 27-Feb 17-Mar 31-Mar 15-Apr 2-May 19-May 9-Jun 15-Jul 15-Aug 2-Sep 1-Oct 14-Nov 14-Dec 8-Jan 17-Jan *Classify the purchases of kitchen supplies as kitchen supplies expense Cash Disbursements Journal for 20X1 Accts Pay Salaries Rent 1,200 Utilities Phone Supplies Other 37,200 Car 1 1,760 1 1 3080 Insurance 2.800 Insurance 3,120 Computer 1,120 Copier 380 3.030 1.620 1.200 Cash 1,200 37,200 1,760 3,080 2.800 3 .120 1,120 1 380 3.030 1.620 1.200 380 810 380 3,030 1, 620 1.200 990 1.100 380 3.030 1,620 1,200 1.740 380 810 T 380 1 ,620 1,200 9 90 1.100 3,030 T T T 1,620 1.200 1,740 Estimated taxes Date 1-Jan 2-Jan 3-Jan 5-Jan 6-Jan 7-Jan Jan 30 Jan 31-Jan 31 Jan 1-Feb 14-Feb 27-Feb 28-Feb 28-Feb 28-Feb 2-Mar 17-Mar! 31-Mar 31-Mar! 31-Mar! 31-Mar 1-Apr 15-Apr 15-Apr 30-Apr 30-Apr 30-Apr 1-May 2-May 19-May 30-May 30-May 30-May 1 -Jun 9-Jun 30-Jun 30-Jun 30 Jun 1.Jul 15-Jul 15-Jul 30-Jul 30 Jul 30-Jul 1-Aug 1-Aug 15-Aug 12-Aug Check Number Vendor 1,001 Lucy Landlord 1.002 Car Company 1,003 Cheap Office Supplies 1.004 Insurance for offices 1,005 Insurance for automobile.. 1,006 Computer equipment 1.007 Copier 1,008 Big Phone Company 1.009 Alison the Architect 1.010 Huge Utility Company 1.011 | Lucy Landlord 1,012 Costco Visa 1.013 | Costco Visa 1.014 Ble Phone Company 1,015 Alison the Architect 1,016 Huge Utility Company 1.017 | Lucy landlord 1.018 Costco Visa 1.019 Costco Visa 1.020 Big Phone Company 1.021 Alison the Architect 1,022 Huge Utility Company 1,023 Lucy Landlord 1.024 Internal Revenue Service 1,025 Costco Visa 1,026 Big Phone Company 1,027 Alison the Architect 1,028 Huge Utility Company 1,029 Lucy Landlord 1,030 Costco Visa 1,031 Costco Visa 1,032 Big Phone Company 1,033 Alison the Architect 1,034 Huge Utility Company 1,035 Lucy Landlord 1,036 Costco Visa 1,037 Big Phone Company 1.038 Alison the Architect 1,039 Huge Utility Company 1,040 Lucy Landlord 1,041 Costco Visa 1,042 Shareholders 1,043 Big Phone Company 1,044 Alison the Architect 1,045 Huge Utility Company 1,046 Lucy Landlord 1,047 Insurance for office. 1,048 Costco Visa 1,049 Cheap Office Supplies 380 3, 030 1,620 1,200 350 520 380 3,030 1 1.200 T L 60 3,030 1,620 1,200 350 520 380 3,030 1,620 1,200 60 280 3,030 1,620 1,200 520 2,010 380 3,030 1,620 1,200 3,220 530 2,200 380 T T 3,030 | 1,620 1,200 520TL 2,010 Dividends 380 3,030 1,620 1,200 3.220 Insurance 2,200 Page 3 20x1 Accts Pay Salaries Rent Utilities Supplies Other Phone 380 1 3 .030 16201 1.620 1.200 2.960 Insurance 400T 1.740 Estimated taxes 380 1 .030 3 1 1 .620 1.200 8801 Date 30-Aug 30 Aug 30-Augl 1-Sep 1-Sep 2-Sep 15-Sep 30-Sep 30-Sep 30-Sep 1-Octl 1-Oct 30-Oct 30 Oct 30-Oct 1-Nov 14-Nov 15-Nov 15-Nov 30-Novl 30-Nov 30-Nov 1-Dec 14-Dec 30-Dec 30-Decl 30-Dec Check Number Vendor 1.050 Big Phone Company 1,051 Alison the Architect 1.052 Hure Utility Company 1,053 Lucy Landlord 1.054 Insurance for care 1.055 Costco Visa 1,056 Internal Revenue Service 1,057 Big Phone Company 1,058 Alison the Architect 1,059 Huge Utility Company 1.060 Lucy landlord 1,061 Costco Visa 1 ,062 Big Phone Company 1,063 Alison the Architect 1,064 Huge Utility Company 1.064 Hur 1.065 lucy landlord 1,066 Costco Visa 1.067 | Cheap Office Supplies 1.068 Shareholders 1,069 Big Phone Company 1,070 Alison the Architect 1,071 Huge Utility Company 1,072 Lucy Landlord 1 ,073 Costco Visa 1,074 Big Phone Company 1.075 Alison the Architect 1,076 Huge Utility Company Total Cash 380 3 ,030 1.620 1,200 2,960 400 1,740 3.80 3,030 1.620 1,200 880 380 3,030 1.620 1,200 990 2,090 2010 380 3,030 1,620 1,200 300 380 3.030 1,620 150,040 3.030 9999999999999999999999999 1.620 I 990 1,200 T T T 2,090 2.010 Dividends T 380 3,030 1.200 300 380 3,030 1.620 19,4404 8 ,230 36,360 14,400 ,560 6,050 61,000 Classify supplies as office supplies on hand ** Insurance for office is a prepayment for 7 months Insurance for automobile is prepayment for 8 months Useful lives - Straight line depreciation, no salvage value Useful life Automobile Computer Copier 1,820 570 1,390 Information for adjustments Ending office supplies on hand Ending kitchen supplies on hand Accrue professional service costs (accoutning) Adjust prepaid insurance Record depreciation Tax rate Dividends per share declared December 31 20% 0.05 s On January 1, 20x1, Alison the Architect opened the doors to her new business. She issued shares of the Company to some family members who were nice enough to invest in her entrepreneurial dream. You are a friend and have offered to provide accounting services to her at a reduced cost. You have taught her how to produce the sales journal, cash receipts journal, purchases journal and cash disbursements journal. We are using a manual accounting system. Maintain your general ledger in pencil. The Board of Directors declared dividends as follows Date 30-Jun $ 30-Oct $ Dividend per Share Dividend per Share 0.03 0.03 Payment Date Payment 15-Jul 15-Nov Sales Journal for 20X1 Date Customer Number 15-Jan Customer 1001 11-Feb Customer 1002 15-Mar Customer 1003 18-Apr Customer 1004 7-May Customer 1005 9-Jun Customer 1006 16-Jul Customer 1007 4-Aug Customer 1008 13-Sep Customer 1009 11-Oct Customer 1010 16-Nov Customer 1011 7-Dec Customer 1012 Total Sales 8,250 11,210 12,320 12,430 11,510 13,340 12,060 3,740 10,270 8,930 12,120 13,310 129,490 Cash Receipts for 20X1 Accounts Receivable Other 308,200 Issuance of stock Date Customer Number 1-Jan Stock broker 14-Feb Customer 1001 1-Mar Customer 1001 13-Mar Customer 1002 22-Mar Customer 1001 28-Mar Customer 1002 14-Apr Customer 1003 18-Apr Customer 1002 29-Apr Customer 1003 18-May Customer 1004 20-May Customer 1003 2-Jun Customer 1004 6-Jun Customer 1005 21-Jun Customer 1005 23-Jun Customer 1004 9-Jul Customer 1006 12-Jul Customer 1005 24-Jul Customer 1006 14-Aug Customer 1006 15-Aug Customer 1007 30-Aug Customer 1007 3-Sep Customer 1008 18-Sep Customer 1008 20-Sep Customer 1007 9-Oct Customer 1008 13-Oct Customer 1009 28-Oct Customer 1009 10-Nov Customer 1010 18-Nov Customer 1009 25-Nov Customer 1010 16-Dec Customer 1011 16-Dec Customer 1010 31-Dec Customer 1011 Total Cash 308,200 4,100 2,100 5,600 2,050 2,800 6,200 2,810 3,100 6,200 3,020 3,100 5,800 2,900 3,130 6,700 2,810 3,300 3,340 6,000 3,000 1,900 900 3,060 940 5,100 2,600 4,500 2,570 2,200 6,100 2,230 3,000 421,360 4,100 2,100 5,600 2,050 2,800 6,200 2,810 3,100 6,200 3,020 3,100 5,800 2,900 3,130 6,700 2,810 3,300 3,340 6,000 3,000 1,900 900 3,060 940 5,100 2,600 4,500 2,570 2,200 6,100 2,230 3,000 113,160 308,200 67,000 Number of $1.00 par value shares issued Page 1 20x1 Purchases Journal for 20X1 Vendor Date 15-Jan Costco 28-Jan Costco 15-Feb Costco 1-Mar Costco 16-Mar Costco 2-Apr Costco 19-Apr Costco 10-May Costco 15-Jun Costco 16-Jul Costco 3-Aug Costco 1-Sep Costco 15-Oct Costco 14-Nov Costco 9-Dec Costco 18-Dec Costco Total Kitchen Supplies* 380 810 990 1,100 400 350 520 60 520 530 400 880 990 300 460 830 9,520 Due Date 14-Feb 27-Feb 17-Mar 31-Mar 15-Apr 2-May 19-May 9-Jun 15-Jul 15-Aug 2-Sep 1-Oct 14-Nov 14-Dec 8-Jan 17-Jan *Classify the purchases of kitchen supplies as kitchen supplies expense Cash Disbursements Journal for 20X1 Accts Pay Salaries Rent 1,200 Utilities Phone Supplies Other 37,200 Car 1 1,760 1 1 3080 Insurance 2.800 Insurance 3,120 Computer 1,120 Copier 380 3.030 1.620 1.200 Cash 1,200 37,200 1,760 3,080 2.800 3 .120 1,120 1 380 3.030 1.620 1.200 380 810 380 3,030 1, 620 1.200 990 1.100 380 3.030 1,620 1,200 1.740 380 810 T 380 1 ,620 1,200 9 90 1.100 3,030 T T T 1,620 1.200 1,740 Estimated taxes Date 1-Jan 2-Jan 3-Jan 5-Jan 6-Jan 7-Jan Jan 30 Jan 31-Jan 31 Jan 1-Feb 14-Feb 27-Feb 28-Feb 28-Feb 28-Feb 2-Mar 17-Mar! 31-Mar 31-Mar! 31-Mar! 31-Mar 1-Apr 15-Apr 15-Apr 30-Apr 30-Apr 30-Apr 1-May 2-May 19-May 30-May 30-May 30-May 1 -Jun 9-Jun 30-Jun 30-Jun 30 Jun 1.Jul 15-Jul 15-Jul 30-Jul 30 Jul 30-Jul 1-Aug 1-Aug 15-Aug 12-Aug Check Number Vendor 1,001 Lucy Landlord 1.002 Car Company 1,003 Cheap Office Supplies 1.004 Insurance for offices 1,005 Insurance for automobile.. 1,006 Computer equipment 1.007 Copier 1,008 Big Phone Company 1.009 Alison the Architect 1.010 Huge Utility Company 1.011 | Lucy Landlord 1,012 Costco Visa 1.013 | Costco Visa 1.014 Ble Phone Company 1,015 Alison the Architect 1,016 Huge Utility Company 1.017 | Lucy landlord 1.018 Costco Visa 1.019 Costco Visa 1.020 Big Phone Company 1.021 Alison the Architect 1,022 Huge Utility Company 1,023 Lucy Landlord 1.024 Internal Revenue Service 1,025 Costco Visa 1,026 Big Phone Company 1,027 Alison the Architect 1,028 Huge Utility Company 1,029 Lucy Landlord 1,030 Costco Visa 1,031 Costco Visa 1,032 Big Phone Company 1,033 Alison the Architect 1,034 Huge Utility Company 1,035 Lucy Landlord 1,036 Costco Visa 1,037 Big Phone Company 1.038 Alison the Architect 1,039 Huge Utility Company 1,040 Lucy Landlord 1,041 Costco Visa 1,042 Shareholders 1,043 Big Phone Company 1,044 Alison the Architect 1,045 Huge Utility Company 1,046 Lucy Landlord 1,047 Insurance for office. 1,048 Costco Visa 1,049 Cheap Office Supplies 380 3, 030 1,620 1,200 350 520 380 3,030 1 1.200 T L 60 3,030 1,620 1,200 350 520 380 3,030 1,620 1,200 60 280 3,030 1,620 1,200 520 2,010 380 3,030 1,620 1,200 3,220 530 2,200 380 T T 3,030 | 1,620 1,200 520TL 2,010 Dividends 380 3,030 1,620 1,200 3.220 Insurance 2,200 Page 3 20x1 Accts Pay Salaries Rent Utilities Supplies Other Phone 380 1 3 .030 16201 1.620 1.200 2.960 Insurance 400T 1.740 Estimated taxes 380 1 .030 3 1 1 .620 1.200 8801 Date 30-Aug 30 Aug 30-Augl 1-Sep 1-Sep 2-Sep 15-Sep 30-Sep 30-Sep 30-Sep 1-Octl 1-Oct 30-Oct 30 Oct 30-Oct 1-Nov 14-Nov 15-Nov 15-Nov 30-Novl 30-Nov 30-Nov 1-Dec 14-Dec 30-Dec 30-Decl 30-Dec Check Number Vendor 1.050 Big Phone Company 1,051 Alison the Architect 1.052 Hure Utility Company 1,053 Lucy Landlord 1.054 Insurance for care 1.055 Costco Visa 1,056 Internal Revenue Service 1,057 Big Phone Company 1,058 Alison the Architect 1,059 Huge Utility Company 1.060 Lucy landlord 1,061 Costco Visa 1 ,062 Big Phone Company 1,063 Alison the Architect 1,064 Huge Utility Company 1.064 Hur 1.065 lucy landlord 1,066 Costco Visa 1.067 | Cheap Office Supplies 1.068 Shareholders 1,069 Big Phone Company 1,070 Alison the Architect 1,071 Huge Utility Company 1,072 Lucy Landlord 1 ,073 Costco Visa 1,074 Big Phone Company 1.075 Alison the Architect 1,076 Huge Utility Company Total Cash 380 3 ,030 1.620 1,200 2,960 400 1,740 3.80 3,030 1.620 1,200 880 380 3,030 1.620 1,200 990 2,090 2010 380 3,030 1,620 1,200 300 380 3.030 1,620 150,040 3.030 9999999999999999999999999 1.620 I 990 1,200 T T T 2,090 2.010 Dividends T 380 3,030 1.200 300 380 3,030 1.620 19,4404 8 ,230 36,360 14,400 ,560 6,050 61,000 Classify supplies as office supplies on hand ** Insurance for office is a prepayment for 7 months Insurance for automobile is prepayment for 8 months Useful lives - Straight line depreciation, no salvage value Useful life Automobile Computer Copier 1,820 570 1,390 Information for adjustments Ending office supplies on hand Ending kitchen supplies on hand Accrue professional service costs (accoutning) Adjust prepaid insurance Record depreciation Tax rate Dividends per share declared December 31 20% 0.05 s